The Aim of the Federal Home Loan Bank Act Was To

What was the aim of the Federal Home Loan Bank Act, can you please give me some information about this, as I want to know about it?

[Quick Sam]

The Federal Home Loan Bank Act, enacted July 22, 1932,

It is a United States federal law

It was passed under President Herbert Hoover in order to lower the cost of home ownership.

This act was notably amended by Financial Institutions Reform, Recovery and Enforcement Act of 1989

Federal Home Loan Bank Act





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